Southeast Asian logistics firm Deliveree announced Monday the closing of its $70 million Series C funding round led by Gobi Partners and SPIL Ventures with participation from existing investor Inspire Ventures.

This brings its total funds raised to $109 million over the past five years.

Deliveree said in a statement that the proceeds from its Series C will be used to advance our market sector penetration, expand its services offered with the addition of containerized cargo solutions, and build the massive scale needed to become Southeast Asia’s ubiquitous logistics marketplace.

In addition, the proceeds will go toward enhancing support to the tens of thousands of businesses who rely daily on Deliveree.

“At Deliveree, our mission is to digitize logistics by making cargo transportation simple, affordable, flexible, and scalable for businesses of all sizes. We do this with our powerful marketplace platform that brings together buyers of logistics services with a massive network of carriers and service providers – I call this our logistics mega marketplace,” said Tom Kim, Co-Founder and Chief Executive Officer of Deliveree.

Along with its new funding and the support of these incredible partners, Deliveree said it will accelerate the realization of its goal to become the Southeast Asian central marketplace for logistics on a massive scale.

“Post-pandemic, we are moving into an inflationary environment plagued by supply chain issues. Deliveree has built the best tech platform that is well-tested by marquee customers and this will enable them to optimize and lower total cost of operations for the logistics and shipping industry,” said Kay Mok, Managing Partner of Gobi Partners.

According to the statement, this is a pivotal time for logistics in Southeast Asia with the accelerating adoption of tech platforms transforming the once lagging trucking and logistics industry that has been barely touched by technology disruption.

“With our strategic investment in Deliveree, we are able to provide them with strong supply chain operational capabilities which are the FIRST of its kind by aligning land and sea modes of transport. This will enable Deliveree’s tech platform to offer broader logistics solutions that extend beyond inland trucking with an inter-island reach that is strategically supported by the SPIL network of container ships servicing all major ports in Indonesia,” said Widarta Liunanda from SPIL Ventures.

Deliveree is a logistics technology company operating its massive trucking and cargo marketplace in Indonesia, Thailand, and the Philippines (in the Philippines, Deliveree operates under the brand name Transportify).

Powered by its popular mobile apps on Android and iOS and its enterprise web application for businesses, its “logistics supermarket” enables customers of all sizes to access affordable, flexible, and scalable trucking and cargo shipping solutions in a manner that substantially increases efficiency and lowers cost.

Furthermore, it provides substantial work, income, support, and logistics training to nearly 100,000 independent drivers and trucking companies across Southeast Asia.

In the last 24 months, Deliveree has grown its gross transaction value by 3.2 times and will exceed $100 million this year. It has expanded its team to nearly 500 employees across four countries, and it has made Deliveree a top five cargo carrier in Indonesia, Philippines, and Thailand alongside the most established and respected names in logistics.

Furthermore, the businesses that rely on Deliveree to power their day-to-day cargo shipments and deliveries have reached over 25,000. This robust growth demonstrates the strength of Deliveree’s business model and paints an exciting picture of the future of logistics technology in Southeast Asia.

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